Shall the Town of Hampton vote to raise and appropriate the sum of $300,000 to be added to the Road Improvement Capital Reserve Fund created under Article 16 of the 1998 Annual Town Meeting in accordance with the provisions of RSA 35 for the purpose of maintenance and/or reconstruction of streets?
What it means: This is essentially a savings plan so road work does not all need to be paid for in one year’s tax bill.
Those in favor say: This is the fund that is paying for the work described in Article 9 (if that Article is approved.)
Those against say: No one spoke in opposition to this Article at the Deliberative Session.
Fiscal Impact: The average Hampton home valued at $408,000 would bear an increased tax cost of $36.71 if this article is approved. (Your property value divided by 1000 and multiply by .09 to get your specific tax impact.)